12 Jun 2015

Britain’s Construction Sector Output Rises

The just out economic data showed that the UK’s construction sector experienced modest activity on an annual basis in April, with the reading surpassing market expectations. Next week, economic releases from the nation will pick up pace, with key data including consumer price inflation, retail sales and BoE meeting minutes on the agenda. In the Euro zone, the economic calendar is a bit light, with investors focusing largely on news from Greece. Across the Atlantic, currency traders today will keep a tab on producer prices data and Reuters/Michigan consumer sentiment survey result. Meanwhile, the spotlight will shift towards next week’s FOMC meeting, with recent upbeat releases favouring an interest rise sooner than expected.